Marathon Oil Corporation (NYSE:MRO) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Friday.

MRO has been the topic of a number of other research reports. Jefferies Group LLC lowered Marathon Oil Corporation from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $22.00 to $16.00 in a research note on Wednesday, May 17th. FBR & Co reissued a “buy” rating and set a $20.00 price objective on shares of Marathon Oil Corporation in a research note on Tuesday, May 23rd. Morgan Stanley raised Marathon Oil Corporation from an “underweight” rating to an “equal weight” rating and lowered their price objective for the stock from $17.00 to $14.00 in a research note on Wednesday, June 21st. Goldman Sachs Group, Inc. (The) began coverage on Marathon Oil Corporation in a research note on Wednesday, June 28th. They set a “neutral” rating and a $16.00 price objective on the stock. Finally, Barclays PLC reissued a “hold” rating and set a $15.00 price objective (down previously from $17.00) on shares of Marathon Oil Corporation in a research note on Thursday, April 20th. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have assigned a buy rating to the company’s stock. Marathon Oil Corporation presently has an average rating of “Hold” and a consensus price target of $17.30.

Marathon Oil Corporation (NYSE:MRO) traded up 0.46% on Friday, hitting $10.87. The stock had a trading volume of 28,729,837 shares. The company’s market cap is $9.24 billion. The company has a 50-day moving average of $11.87 and a 200 day moving average of $14.06. Marathon Oil Corporation has a 12 month low of $10.55 and a 12 month high of $19.28.

Marathon Oil Corporation (NYSE:MRO) last released its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported ($0.24) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.14) by $0.10. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. Marathon Oil Corporation had a negative return on equity of 2.86% and a negative net margin of 140.22%. The business’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period last year, the firm posted ($0.23) EPS. On average, analysts predict that Marathon Oil Corporation will post ($0.45) EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Klingenstein Fields & Co. LLC boosted its position in Marathon Oil Corporation by 0.8% in the first quarter. Klingenstein Fields & Co. LLC now owns 10,083 shares of the oil and gas producer’s stock valued at $159,000 after buying an additional 83 shares in the last quarter. Focused Wealth Management Inc boosted its position in Marathon Oil Corporation by 0.7% in the first quarter. Focused Wealth Management Inc now owns 13,681 shares of the oil and gas producer’s stock valued at $216,000 after buying an additional 100 shares in the last quarter. Eastern Bank boosted its position in Marathon Oil Corporation by 0.6% in the second quarter. Eastern Bank now owns 21,454 shares of the oil and gas producer’s stock valued at $254,000 after buying an additional 135 shares in the last quarter. Cleararc Capital Inc. boosted its position in Marathon Oil Corporation by 0.7% in the first quarter. Cleararc Capital Inc. now owns 20,728 shares of the oil and gas producer’s stock valued at $328,000 after buying an additional 149 shares in the last quarter. Finally, Freestone Capital Holdings LLC boosted its position in Marathon Oil Corporation by 1.1% in the second quarter. Freestone Capital Holdings LLC now owns 14,150 shares of the oil and gas producer’s stock valued at $168,000 after buying an additional 150 shares in the last quarter. 80.22% of the stock is owned by institutional investors and hedge funds.

Marathon Oil Corporation Company Profile

Marathon Oil Corporation is an exploration and production (E&P) company. The Company operates through three segments: North America E&P, International E&P and Oil Sands Mining. The North America E&P segment explores for, produces and markets crude oil and condensate, natural gas liquids (NGLs) and natural gas in North America.

Analyst Recommendations for Marathon Oil Corporation (NYSE:MRO)

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